Pakistan, US discuss ways to enhance economic cooperation
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar and Ambassador of the United Stated of America to Pakistan, Donald Blome exchanged views about areas of common interest and enhancing existing bilateral relations between the two countries. Finance ministry the discussion was made during the call on meeting of US Ambassador with the finance…
Adil Aziz
Governor SBP unveils Rs.75 commemorative banknote to mark 75 SBP years
Governor State Bank of Pakistan, Jameel Ahmad, on Tuesday (July 04), unveiled a commemorative banknote to mark the 75 years of the establishment of SBP in a ceremony held here at the SBP Museum. The Rs 75 commemorative banknote is predominantly blue which has been chosen to impart a sense of stability associated with a…
Alibaba.com Launches Verified Supplier Membership in Pakistan
Highlights Value of B2B E-commerce in Conjunction with World MSME Day In conjunction with the World MSME Day, Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, has introduced the Verified Supplier membership in Pakistan to help eligible Pakistani exporters win the trust of global buyers when conducting online trade. The move is Alibaba.com’s latest…
Trade deficit narrows by 43% as exports mount to $27.7 Billion in FY-23
The trade deficit witnessed a decline of 43.03 percent during the fiscal year 2022-23 as compared to the previous year (2021-22). The trade deficit during July-June (2022-23) was recorded at $27.547 billion against the deficit of $48.354 billion in July-June (2021-22), a decline of 43.03 percent. The exports during the period were recorded at $27.744…
PSX witnesses historic single-day gain of around 6%, expands by 2,446 points
Bullish trend dominated at the 100-index of the Pakistan Stock Exchange (PSX), as it witnessed historic single-day gain of 2,446 points on Monday, a positive change of 5.90 per cent, closing at 43,899.01 points against 41,452.69 points the previous trading day. Following the agreement with the International Monetary Fund (IMF), a total of 381,904,794 shares…
Pakistan’s total foreign reserves reach at $ 9.34 billion
The total liquid foreign reserves of Pakistan stood at US$ 9,340.8 million while reserves held by the central bank reached at US$ 4,069.9 million. The State Bank of Pakistan, in a statement issued here on Monday (July 03), informed that foreign reserves of the central bank reserves increased by US$ 533 million to US$ 4,069.9…
FTO Coordinator highlights potential of 5G to revolutionize industries
Coordinator to Federal Tax Ombudsman Meher Kashif Younis on Sunday (July 02) said it is evident that 5G has the potential to revolutionize industries and drive economic transformation on a global scale. Speaking at a seminar on “ The role of 5G in Economy” under the aegis of Gold Ring Economic Forum, a strategic think…
Pakistan, IMF reach US$3 Billion Stand-By Arrangement
The International Monetary Fund (IMF) and Pakistan have reached to nine-month Stand-By Arrangement (SBA) of around US$3 billion. “I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month Stand-by Arrangement (SBA) in the amount of SDR 2,250 million (about $3 billion or 111 percent…
Zong 4G Wins Content of the Year Award for Their Independence Day 2022 Campaign
Zong 4G, Pakistan’s leading telecommunications company, has emerged victorious once again by winning the prestigious “Content of the Year” award at the esteemed Pakistan Digital Awards. The award recognizes Zong 4G’s exceptional creativity, innovation, and outstanding execution in their remarkable campaign titled “The Notes of Chagla” released on Independence Day, 2022, as a tribute. “The…
Jubilee Life Insurance Honored with Best Social Media Campaign (Facebook) for Cricket at the Pakistan Digital Awards Ceremony 2023
Jubilee Life Insurance, Pakistan’s largest private sector insurance company has once again aced at the esteemed Pakistan Digital Awards 2023. The insurance company was honored with the Best Social Media Campaign( Facebook) for Cricket, making them recipient of Pakistan Digital Award for the fifth consecutive year. This award celebrates Jubilee Life Insurance’s remarkable achievements in…